Portfolio Manager Business Controls Specialist
Portfolio Manager Business Controls Specialist
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
$ 140000 - 160000
1 Vacancy
Job Description
Were building a relationshiporiented bank for the modern world. We need talented passionate professionals who are dedicated to doing whats right for our clients.
At CIBC we embrace your strengths and your ambitions so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.
To learn more about CIBC please visit CIBC
US Risk Management (RM) is led by the US Chief Risk Officer and is accountable on matters relating to the independent oversight of the management of risks inherent to CIBCs activities in the US. These risks include but are not limited to ensuring that effective processes are in place for the identification measurement mitigation and monitoring of operational reputation and legal market credit investment and liquidity risk collectively CIBC Risk incurred by CIBCs businesses infrastructure and corporate governance groups.
US Operational Risk Management (ORM) department is responsible for providing oversight and second line of defense challenge of operational risk exposures within all business units across the US Region.
What Youll Be Doing
The Portfolio Manager (PM) Business Controls Specialist US ORM acts as a second line of defense in ensuring that the banks operational risk and control frameworks policies standards and procedures are understood and used effectively to manage operational risk. The Consultant provides oversight and effective challenge by working with business leaders across the Combined US Operations all aspects of operational risk management (process people and systems) and control framework and policy requirements. This role reports to the Director US Internal Controls Validation (ICV) US Operational Risk Management.
Details on your work arrangement (proportion of onsite and remote work) will be discussed at the time of your interview.
How Youll Succeed
- Provide independent effective challenge over first line of defense control activities.
- Test first line of defense controls as dictated by the US ICV Program.
- Identify and notify the first line of defense of any control gaps ineffective controls or nonadherence to testing requirements as identified via US ICV program .
- Promote a controls and operational risk culture that includes managing internal relationships to promote acceptance and implementation of operational risk programs.
- Stay current on regulatory changes and industry leading practices in operational risk control frameworks and control testing to ensure CIBC operational risk management meets regulatory expectations and is effective and efficient.
Who You Are
- At least 5 years of relevant work experience in the financial industry is desired. Large Financial Institution or Large Foreign Banking Organization second line of defense experience is preferred.
- At least 5 years of experience in control testing and/or second line of defense independent effective challenge over first line of defense control testing activities.
- Bachelors degree desired.
- Excellent leadership and business planning skills.
- Working knowledge of risk assessment control concepts and methodologies that can be used in an Operational Risk context.
- Excellent analytical communication (written and verbal) and interpersonal skills.
- Solid understanding of regulatory expectations and leading practices of the financial industry specifically for risk management with an emphasis on operational risk management.
- Ability to demonstrate CIBCs core values (i.e. trust teamwork and accountability);
- Good conceptual thinker and ability to synthesize complex information into clear and precise business solutions;
- Ability to manage multiple projects and/or initiatives simultaneously under tight deadlines.
- Values matter to you. You bring your real self to work and you live our values trust teamwork and accountability.
California residents your privacy rights regarding your actual or prospective employment
At CIBC we offer a competitive total rewards package. This role has an expected salary range of $140000 $160000 for the market based on experience qualifications and location of the position. The successful candidate may be eligible to participate in the relevant business units incentive compensation plan which may also include a discretionary bonus component. CIBC offers a full range of benefits and programs to meet our employees needs; including Medical Dental Vision Health Savings Account Life Insurance Disability and Other Insurance Plans Paid Time Off (including Sick Leave Parental Leave and Vacation) Holidaysand 401(k) in addition to other special perks reserved for our team members.
What CIBC Offers
At CIBC your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career rather than just a paycheck.
We work to recognize you in meaningful personalized ways including a competitive salary incentive pay banking benefits a benefits program* a vacation offering wellbeing support and MomentMakers our social pointsbased recognition program.
Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.
We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.
*Subject to plan and program terms and conditions
What you need to know
CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation please contact
You need to be legally eligible to work at the location(s) specified above and where applicable must have a valid work or study permit.
We may ask you to complete an attributebased assessment and other skills tests (such as simulation coding MS Office). Our goal for the application process is to get to know more about you all that you have to offer and give you the opportunity to learn more about us.
Job Location
IL70 W Madison St 9th FlEmployment Type
RegularWeekly Hours
40Skills
Analytical Thinking Business Risks Continuous Improvement Techniques Control Frameworks Decision Making Emerging Risks Group Problem Solving Operational Risks Operation Risk Management Risk Assessments Risk Management Risk MonitoringRequired Experience:
Manager
Employment Type
Full-Time
